![RBI Considers Introducing UPI for ATM Withdrawal RBI Considers Introducing UPI for ATM Withdrawal](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0DTfBc-ByhokN77BGPtgsp8mP5B_9matO2IZEy-NWbAXD8mG-s_-flo_Fkyw8rKxn5b-DabmZMXygrxJtN-z43yN7yA1gZ18BEkJ3zEaBZw6Zx5dKEAUyC7TqEjHGJwtiRE3c_syJaviG53Y62uDzqqvQvz_u7J3yVLriZ28yIzAUbqs9EhfF3bV5MA/w320-h240-rw/UPI%20ATM.jpg)
- UPI (Unified Payment Interface) will be used to scan the QR Code displayed on the ATM Screen to process the withdrawal.
- It includes 2 stage verification for better authentication. The transaction would be secure and would replace the risk of card cloning and skimming.
- As of now, 900 million ATM Cards are issued to the customers. Though very popular amongst the users, with digital literacy improving UPI as a mode of payment, will improve the service.
- As per RBI’s Financial Inclusion Index 2021, financial inclusion is at a tune of 53.9 percent as of March 2021. This augments the scope for better financial penetration of UPI-based ATM Withdrawal.
Question:
Q.1 Which organization releases Financial Inclusion Index?a. SEBI
b. World Bank
c. RBI
d. IMF